Only one person may set up a joint stock company if it is a legal person (the concentration of shares in the hands of 1 natural person is not a reason for cancellation of a JSC or the cause of its invalidity)
4 Steps to establish a JSC
- Founding agreement (or founding document in case of only 1 shareholder)
- Statutes of the JSC
- Subscription and min. partial repayment of deposits
- Collective decision on establishing JSC and on its statutes